Question

Explain who was negatively affected by the changes in the economy and what negative effects they suffered.

Answer 1

Changes in the economy could lead to people experiencing negative effects on their daily activities in terms of job security which would be threa tened and put lower-skilled employees out of work and the standard of living will be affected as a result of any sort of economic melt-down.

Certain individuals such as young people, factory workers, and unskilled workers will experience neg ative st rain on their work-life such as losing their jobs because factories, company, industries, and large corporations would want to decease their expense by laying off staff ( as seen in today's economy as a result of the pademic ), many workers received only small wage increases, expe rienced cut(s) in benefits and companies might decide to hired temporary or contract employees instead of having a full time worker.